NASDAQ:MRVLMarvell Technology Group Stock Price, Forecast & News

$35.89

0.00 (0.00 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$35.76

Now: $35.89▼

$36.74

50-Day Range

$25.15

MA: $28.09▼

$35.96

52-Week Range

$16.45

Now: $35.89▼

$36.92

Volume9.81 million shs

Average Volume11.27 million shs

Market Capitalization$23.88 billion

P/E Ratio16.02

Dividend Yield0.67%

Beta1.08

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which comprise Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, embedded communication processors, and Ethernet adapters and controllers. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip (SoC) products, which are integrated into various end devices, such as enterprise access points, home gateways and voice assistants, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer SoC products and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Marvell Technology Group has received a consensus rating of Buy. The company's average rating score is 2.76, and is based on 20 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $31.39, Marvell Technology Group has a potential downside of 12.5% from its current price of $35.89.
Amount of Analyst Coverage
Marvell Technology Group has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Marvell Technology Group has received 1,248 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Marvell Technology Group has received 1,179 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Marvell Technology Group has received 51.42% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote “Outperform” if you believe MRVL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Marvell Technology Group is a leading dividend payer. It pays a dividend yield of 0.67%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Marvell Technology Group has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Marvell Technology Group is 75.00 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Marvell Technology Group will have a dividend payout ratio of 23.76 % next year. This indicates that Marvell Technology Group will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marvell Technology Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,268,041.00 in company stock.
Percentage Held by Insiders
Only 0.29% of the stock of Marvell Technology Group is held by insiders.
Percentage Held by Institutions
91.18% of the stock of Marvell Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Marvell Technology Group are expected to grow by 77.19% in the coming year, from $0.57 to $1.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marvell Technology Group is 16.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marvell Technology Group is 16.02, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 52.09.
Price to Earnings Growth Ratio
Marvell Technology Group has a PEG Ratio of 12.62. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Marvell Technology Group has a P/B Ratio of 2.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.49 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:MRVL

Previous Symbol

CUSIPG5876H10

CIK1058057

Webwww.marvell.com

Phone441-296-6395

Debt

Debt-to-Equity Ratio0.17

Current Ratio2.14

Quick Ratio1.71

Price-To-Earnings

Trailing P/E Ratio16.02

Forward P/E Ratio62.96

P/E Growth12.62

Sales & Book Value

Annual Sales$2.70 billion

Price / Sales8.85

Cash Flow$1.20 per share

Price / Cash Flow29.80

Book Value$12.83 per share

Price / Book2.80

Profitability

EPS (Most Recent Fiscal Year)$0.32

Net Income$1.58 billion

Net Margins55.66%

Return on Equity2.82%

Return on Assets2.10%

Miscellaneous

Employees5,633

Outstanding Shares665,300,000

Market Cap$23.88 billion

Next Earnings Date9/3/2020 (Estimated)

OptionableOptionable

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

How has Marvell Technology Group's stock been impacted by COVID-19 (Coronavirus)?

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MRVL shares have increased by 63.1% and is now trading at $35.89. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Marvell Technology Group?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 4 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Marvell Technology Group.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) announced its earnings results on Thursday, May, 28th. The semiconductor company reported $0.18 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.04. The semiconductor company earned $694 million during the quarter, compared to analysts' expectations of $680.19 million. Marvell Technology Group had a return on equity of 2.82% and a net margin of 55.66%. Marvell Technology Group's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. View Marvell Technology Group's earnings history.

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group announced a quarterly dividend on Thursday, March 12th. Investors of record on Friday, April 3rd will be paid a dividend of $0.06 per share on Wednesday, April 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, April 2nd. View Marvell Technology Group's dividend history.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group announced that its board has initiated a stock repurchase plan on Tuesday, October 16th 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group updated its second quarter earnings guidance on Thursday, May, 28th. The company provided earnings per share (EPS) guidance of $0.17-$0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $684-$756 million, compared to the consensus revenue estimate of $687.06 million.

What price target have analysts set for MRVL?

25 Wall Street analysts have issued twelve-month price targets for Marvell Technology Group's stock. Their forecasts range from $18.00 to $42.00. On average, they expect Marvell Technology Group's share price to reach $31.39 in the next year. This suggests that the stock has a possible downside of 12.5%. View analysts' price targets for Marvell Technology Group.

Has Marvell Technology Group been receiving favorable news coverage?

Headlines about MRVL stock have been trending somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Marvell Technology Group earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutMarvell Technology Group.

Who are some of Marvell Technology Group's key competitors?

Some companies that are related to Marvell Technology Group include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Cree (CREE), Inphi (IPHI) and First Solar (FSLR). View all competitors.

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV) and salesforce.com (CRM).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the following people:

Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
Ms. Jean Hu, Chief Financial Officer (Age 56)
Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.62%), Wellington Management Group LLP (5.49%), State Street Corp (2.17%), Nuveen Asset Management LLC (1.35%), Janus Henderson Group PLC (1.15%) and Geode Capital Management LLC (1.12%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes. View institutional ownership trends for Marvell Technology Group.

Which institutional investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., Invesco Ltd., Wellington Management Group LLP, Jennison Associates LLC, and Strs Ohio. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, and Willem A Meintjes. View insider buying and selling activity for Marvell Technology Group.

Which institutional investors are buying Marvell Technology Group stock?

MRVL stock was bought by a variety of institutional investors in the last quarter, including Menora Mivtachim Holdings LTD., Nuveen Asset Management LLC, BlackRock Inc., Deutsche Bank AG, 1832 Asset Management L.P., Public Employees Retirement Association of Colorado, Van ECK Associates Corp, and Swiss National Bank. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan. View insider buying and selling activity for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $35.89.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $23.88 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff